Top of the Morning : Accounting Lapses Cost IndusInd Big | Ather Energy IPO Races to Markets | TVS Motor Earnings

To get your dose of daily business news, tune into Mint Top of the Morning on Mint Podcasts available on all audio streaming platforms.https://open.spotify.com/show/7x8Nv1RlOKyMV5IftIJwP1?si=bf5ecbaedd8f4ddcBanks across India will see scattered closures this week.April 29: Parshuram Jayanti (Himachal Pradesh)April 30: Akshaya Tritiya & Basava Jayanti (Multiple States)May 1: Nationwide shutdown for Labour Day, Maharashtra Day, and Gujarat Day. If you have urgent banking needs, act fast before the long break hits.After a pause, Ather Energy is hitting the market with its IPO, priced between ₹304–₹321 per share.Subscription: April 28–30Grey Market Premium: ₹17 above issue priceListing: May 6 Proceeds will fund a new Maharashtra plant, R&D, marketing, and debt repayment. Early buzz suggests Ather could electrify the IPO street.Cars24 has laid off over 200 employees in product and tech as part of a cost restructure, right after acquiring Team-BHP.CEO Vikram Chopra called it a reflection of misplaced bets, not performance.Employees will get severance, mentorship, and redeployment support.Cars24 now focuses on becoming leaner in a tough auto-tech space.TVS Motor is expected to post 13% revenue growth in Q4, thanks to strong scooter and EV sales.EV sales soared 30%, while premium motorcycle models like Apache also saw double-digit growth.Key investor focus areas:International expansion after Ion Mobility dealEV market defense against Ola and BajajPremiumization strategy for motorcycles TVS remains a stock analysts are bullish on for FY26.RBI Governor Sanjay Malhotra urged U.S. investors to back India, calling it a rare beacon of growth and stability amid global headwinds.Expected GDP growth: 6.5% in 2025RBI shifts to an accommodative stance, signaling more rate cuts Malhotra’s message: India remains the fastest-growing major economy, despite trade wars and global uncertainty.River Mobility posted a 20x revenue surge to ₹104 crore but saw losses balloon to ₹176 crore in FY25.Aggressive retail expansion (25 stores) boosted scooter sales but increased burn rates.The goal:100 stores by FY26Gross margin profitability by October Bank Holidays: Plan Ahead!⚡ Ather Energy IPO: Full Throttle🚗 Cars24 Cuts 200 Jobs🛵 TVS Motor Speeds Past Rivals🇮🇳 RBI’s Pitch: India Is The Safe Bet⚡🛵 River Mobility: Racing with RiskEBITDA positivity at 15,000–20,000 units/month sales Yet, competition from giants like Hero and TVS, consumer safety concerns, and poor EV infrastructure pose serious survival challenges.